Thank you for a good pick.
1.Huaneng Power International, Inc. develops, constructs, operates and manages large thermal power plants in China nationwide, with a total generation capacity of 15,936MW on an equity basis. The Company wholly owns 14 power plants, and has controlling interests in five power plants and minority interests in three power companies. Today, it is one of the largest independent power producers in China.
2.Utilities are good defensive plays.
3.As pointed out by Renyu,they are now able to pass on the increased costs of coal.
4.Technicals
http://askstockguru.com/cgi-bin/s?s=hnp&SUBMIT=GO
5.Chinese energy use is only going to go up.There would be a slowdown caused by global contagion but China will still continue to grow.China needs all the power it can produce.
http://news.bbc.co.uk/2/hi/asia-pacific/7082475.stm
http://asianpowermagazine.blogspot.com/2008/01/how-will-chinas-increased-power.html
$31.73 (06/20/08)
